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How will income be taxed in the philippines

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Reference no: EM132811551

Problem 1: Jenny, a resident citizen, sold shares in a US company thru the new york stock exchange. How will this income be taxed in the philippines?

A. Final tax

B. Normal income tax

C. CGT

D. Non-exempt

Problem 2: Which is not subject CGT in the philippines?

A. Sale of real property in the philippines

B. sale of personal jewelry

C. sale of philippines company shares

D. non of these

Reference no: EM132811551

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